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. >> in your book you say ronald reagan lied about poverty so he could succeed. you wrote middle class folks didn't have to worry they were indulging resentment. they were doing it because those programs hurt poor people. reagan said so. do the republicans still believe this message? >> i don't know if they really believe it. i don't know if they care. they don't care about the poor, but they've been selling it for a long time, ed. i'm with michael. he is looking backwards to an america that wasn't as wonderful as he thinks, and he's becoming kind of like a glenn beck figure. he's really not leaving it alone. when he went here on election night, i thought maybe he'll get over it. the majority of americans voted for barack obama. we have values. the majority of catholics voted for barack obama. a vast majority of jews voted for president obama. he has a problem with white protestant southern evangelical people, but he doesn't have -- it's not his whole coalition is secular. we have values, too. >> professor, how can we not come to the conclusion that bill o'reilly
. >> in your book you say ronald reagan lied about poverty so he could succeed. you wrote middle class folks didn't have to worry they were indulging resentment. they were doing it because those programs hurt poor people. reagan said so. do the republicans still believe this message? >> i don't know if they really believe it. i don't know if they care. they don't care about the poor, but they've been selling it for a long time, ed. i'm with michael. he is looking backwards to an...
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ronald reagan, in part with the help of jack kemp a generation ago, found a way to sell supply side economics as a blue collar alternative. to sell it to the common man. that's what reagan and kemp were all about. the republicans lost the ability to do that. they lost the argument once. they're going to have to figure out how to make that argument again because if they're going to say that unleashing the power of the free market is the route forward for the middle class and the working people of america, they need convincing arguments and convincing people to do it. mitt romney, if you look at it from even the slightest distance, was arguably the worst possible carrier of that message. they need somebody else. they need southern populism or populism from somewhere, but they also need the proof. they need the evidence. and lacking the evidence last time in the election of a week ago, a week or two ago, people went with the -- what they knew, which was the president's belief in the power of government to work well with the economy. >> i think they realized during the campaign thanks to some ext
ronald reagan, in part with the help of jack kemp a generation ago, found a way to sell supply side economics as a blue collar alternative. to sell it to the common man. that's what reagan and kemp were all about. the republicans lost the ability to do that. they lost the argument once. they're going to have to figure out how to make that argument again because if they're going to say that unleashing the power of the free market is the route forward for the middle class and the working people...
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he went in there with one goal, like ronald reagan used to do, i want one headline, don't let the middle class be held hostage. he repeated it over and over again. >> reporter: he said it 19 times. >> he didn't want the headline to be switched by adversarial press or neutral press that didn't to want go with his line to say him, adamantings president adamant on rich paying 39.6%. maybe that's why you softened up to you. just an interpretation. >> reporter: i can tell you congressional republicans were happy with his response. they like to know there is some give. here's where the give could be, chris. nobody's talked about this. i mean, there's been some behind the scenes chatter on this, which is you could see tax rates temporarily go up just not all the way to 39%. it could be somewhere in the middle. ends up being the compromise for the one year. don't forget, this is all about setting the tax rates simply for 2013, while they negotiate larger tax reform. so, that could be what the wiggle room is. obviously, republicans have said they don't want to raise tax rates at all. they're fine
he went in there with one goal, like ronald reagan used to do, i want one headline, don't let the middle class be held hostage. he repeated it over and over again. >> reporter: he said it 19 times. >> he didn't want the headline to be switched by adversarial press or neutral press that didn't to want go with his line to say him, adamantings president adamant on rich paying 39.6%. maybe that's why you softened up to you. just an interpretation. >> reporter: i can tell you...
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reagan, the outsourcing of our jobs. there are a lot of people trying to live and $10 an hour while they are getting social security, medicare, taking out of their money, and then they are told by people like paul ryan and mitt romney that that is an entitlement. to me, that is like more of a ponzi scheme if they take that away. getting back to the elephant in the room, until we start talking about structurally change in this country beyond fighting over taxes -- you can fight over moving around the chairs on the titanic, but what really needs to be done is we need to repeal the trade agreement, look at taxing goods from china, and we need to get jobs back into this country, manufacturing jobs with wages people can live on and pressure for wages to go up. right now, the pressure is for wages to go down. you are fighting over what is less of the money coming in. host: let's go to the congressman. guest: this is an important issue that was fought over in the campaign. we need to support manufacturing in this country. i com
reagan, the outsourcing of our jobs. there are a lot of people trying to live and $10 an hour while they are getting social security, medicare, taking out of their money, and then they are told by people like paul ryan and mitt romney that that is an entitlement. to me, that is like more of a ponzi scheme if they take that away. getting back to the elephant in the room, until we start talking about structurally change in this country beyond fighting over taxes -- you can fight over moving...
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. >> but in the '80s when you could elect someone like ronald reagan, i'm not sure you can do that again. some of those policies were probably responsible for what happened in the '80s. those aren't going to happen this time. >> no, in the '90s, you mean. >> no, in the '80s. if jimmy carter had been reelected i'm not sure we would've had a great period in the 1980s. i'm not sure it's our birthright to have another great -- >> well, that was the whole thing. >> mike's not going anywhere. we're going to continue our conversation with him. up next, though, stocks you need to have in your portfolio for 2013 regardless of whether the economy spirals off the fiscal cliff. that means growth companies with lots of cash to buy back stock. the details on that next. but first, take a look at shares of abercrombie today. earnings sharply better than the street forecast. a & f raising guidance, stock trading higher on that news. and michael jeffries, the ceo of that company, got that airplane. what's the song they play on the airplane? it says "take me home"? take a look at futures this morning, s&p
. >> but in the '80s when you could elect someone like ronald reagan, i'm not sure you can do that again. some of those policies were probably responsible for what happened in the '80s. those aren't going to happen this time. >> no, in the '90s, you mean. >> no, in the '80s. if jimmy carter had been reelected i'm not sure we would've had a great period in the 1980s. i'm not sure it's our birthright to have another great -- >> well, that was the whole thing. >>...